SBI home loan interest rates News

Customers can also apply for a loan from the ease of their home via the YONO App to earn an additional interest concession of 5 basis points. With the reduction, SBI home loan interest rates now start from 6.7 percent for loans up to Rs 30 lakh and 6.95 percent for loans between Rs 30 lakh and Rs 75 lakh. Earlier, SBI had reduced the home loan rate to 6.7 percent till March 31 as part of a festive offer.

This is a limited period offer ending on 31 March and the lender is also giving a 100% waiver on processing fees. SBI home loan interest rates are linked to CIBIL score and start from 6.70 percent for loans up to Rs 30 lakh and 6.95 percent for loans above Rs 30 lakh. SBI customers are eligible to apply for the loan with the help of the YONO app to get an additional interest concession of 5 bps.

The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15.